Required MRR
Enter your target take-home and find the MRR you actually need to hit it. Or see what you take home from a given MRR.
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United Kingdom🇺🇸
United States🇨🇦
Canada🇩🇪
Germany🇫🇷
France🇮🇳
India🇦🇺
Australia🇳🇱
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Portugal
$
600 paying customers
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CAD
%
Stripe Fees CA$162
Standard (2.9%)
CA$80
Transaction fees (CAD 0.3/txn)
CA$82
VAT (Value Added Tax) CA$131
VAT collected at 5% Revenue exceeds £30,000 threshold. Prices assumed VAT-inclusive.
CA$131
Business Expenses (Monthly) CA$45
Email Platform
CA$30
Domain & SSL
CA$15
All business income flows through to personal tax return. Self-employed individual pays both employee and employer CPP contributions. No separate business entity.
Taxes & National Insurance CA$405
Federal Income Tax Basic personal amount of $16,129 for net income up to $177,882. Reduced linearly to $14,538 at net income of $253,414. Effective 14.5% for first bracket in 2025 (15% Jan-Jun, 14% Jul-Dec).
CA$154
Canada Pension Plan (CPP) Self-employed pay both employee and employer CPP contributions. 11.9% on earnings between $3,500 and $71,300 (max $8,068.20). CPP2: 8.0% on earnings between $71,300 and $81,200 (max $792.00). Half of CPP is deductible from income.
CA$251
Optimization:
Consider a Merchant of Record for VAT
Your revenue exceeds the VAT threshold. A Merchant of Record like Paddle handles VAT collection and remittance, simplifying compliance.
Fees 6% Expenses 2% Tax 20% Take-Home 73%
Required MRR CA$2,742 /mo
Net Take-Home CA$2,000 /mo CA$23,995 /yr